2012-05-11T13:28:48-05:00 2011-06-30 SS&G INC 32125 SOLON ROAD SOLON OH 441392284 990 2010-07-01 340946903 LAURA & ALVIN SIEGAL COLLEGE OF JUDAIC STUDIES LAUR 2164644050 26500 SHAKER BLVD BEACHWOOD OH 44122 OFFICER 2164644050 2012-05-09 1 PATRICIA B RUBIN 4402488787 2012-05-09 2010 2016-02-24 21:20:13Z SEYMOUR KOPELOWITZ 26500 SHAKER BLVD BEACHWOOD OH 44122 1956323 0 X WWW.SIEGALCOLLEGE.EDU X 1964 OH TO PROMOTE THE STUDY OF JUDAISM BY TRANSMITTING THE BEST OF CLASSICAL JEWISH LEARNING AND MODERN SCHOLARSHIP AND BY SERVING AS THE JEWISH HIGHER EDUCATION RESOURCE TO THE COMMUNITY. 39 39 60 39 893 0 1584664 1541026 497287 392993 22457 -12696 -24532 893 2079876 1922216 27413 32126 0 0 1519980 1522090 18000 0 38564 647609 542338 2213002 2096554 -133126 -174338 4015021 4495933 2424502 2224585 1590519 2271348 X THE MISSION OF SIEGAL COLLEGE IS TO PROMOTE THE STUDY OF JUDAISM BY TRANSMITTING THE BEST OF CLASSICAL JEWISH LEARNING AND MODERN SCHOLARSHIP, PREPARING JEWISH EDUCATORS AND OTHER COMMUNAL PROFESSIONALS, FACILITATING THE JEWISH JOURNEY OF ADULT LEARNERS, SERVING AS THE JEWISH HIGHER EDUCATION RESOURCE TO THE COMMUNITY AND PROVIDING A COMMON GROUND FOR PEOPPLE OF DIVERSE BACKGROUNDS. 0 0 1284355 32126 368723 LAURA & ALVIN SIEGAL COLLEGE OF JUDAIC STUDIES OFFERS COURSES IN THE AREA OF HEBREW AND JEWISH TOPICAL STUDIES.THE COLLEGE SERVES AROUND 1,700 PERSONS ANNUALLY. 1284355 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 60 1 1 1 0 0 0 0 0 0 0 0 0 X 39 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 OH X LAURIE HARDESTY 2164644050 26500 SHAKER BLVD BEACHWOOD OH 44122 TERRI G KLINE 1.00 X X 0 0 0 MARC FREIMUTH 1.00 X X 0 0 0 DAN AARON POLSTER 1.00 X X 0 0 0 DAVID LEAVITT 1.00 X X 0 0 0 DAVID SHIFRIN 1.00 X X 0 0 0 MICHAEL PENZNER 1.00 X X 0 0 0 MURIEL WEBER 1.00 X X 0 0 0 BARRY EPSTEIN 1.00 X X 0 0 0 BETH ROSENBERG 1.00 X X 0 0 0 ERNEST BENCHELL 1.00 X 0 0 0 DEEDRA DOLIN 1.00 X 0 0 0 FRAN GORDON IMMERMAN 1.00 X 0 0 0 RICHARD KATZMAN 1.00 X 0 0 0 JOAN KEKST 1.00 X 0 0 0 KATHY KLEIN 1.00 X 0 0 0 HERB MARCUS 1.00 X 0 0 0 BARBARA MERVINE 1.00 X 0 0 0 RON MOSKOWITZ 1.00 X 0 0 0 KEN ROSEN 1.00 X 0 0 0 ELIZABETH SINGER 1.00 X 0 0 0 RICHARD SPECTOR 1.00 X 0 0 0 ZACHARY TRUBOFF 1.00 X 0 0 0 SALLY H WERTHEIM 1.00 X 0 0 0 LARRY WYMOR 1.00 X 0 0 0 GERALD ZAHLER 1.00 X 0 0 0 LAWRENCE M BELL 1.00 X 0 0 0 RINA FRANKEL 1.00 X 0 0 0 ROBERT GOLDBERG 1.00 X 0 0 0 MARGERY KOHRMAN 1.00 X 0 0 0 FRED J LIVINGSTONE 1.00 X 0 0 0 ELI RESHOTKO 1.00 X 0 0 0 MITCHELL SCHNEIDER 1.00 X 0 0 0 ALAN SCHONBERG 1.00 X 0 0 0 ALVIN SIEGAL 1.00 X 0 0 0 LAURA SIEGAL 1.00 X 0 0 0 MARC ALAN SILVERSTEIN 1.00 X 0 0 0 JAMES C SPIRA 1.00 X 0 0 0 MAURICE TERKEL 1.00 X 0 0 0 DONNA YANOWITZ 1.00 X 0 0 0 BRIAN AMKRAUT 40.00 X 113364 0 19942 113364 0 19942 1 0 0 0 0 1541026 1541026 TUITION & FEES 611600 382193 382193 CONTRACT PAYMENTS 611600 10800 10800 392993 11574 11574 5825 4932 893 893 893 24270 -24270 -24270 -24270 4905 4905 0 1922216 368723 893 11574 32126 32126 113364 32683 76714 3967 1062677 649556 395837 17284 115532 67299 43657 4576 147162 86053 55258 5851 83355 48556 31498 3301 21200 21200 65453 60272 5181 56246 52995 3251 67436 33259 34102 75 26333 11317 15016 117940 73069 42497 2374 21129 20073 365 691 7076 1286 5790 17299 17299 9408 6575 2683 150 PROGRAM EXPENSES 80855 79066 1494 295 BAD DEBTS 19801 2889 16912 AWARDS 13092 12992 100 MISCELLANEOUS 11637 9555 2082 DUES & SUBSCRIPTIONS 5706 3007 2699 1727 1727 2096554 1284355 773635 38564 242930 242901 114876 48862 162572 71659 101077 154815 9542 11807 364884 342834 61797 22050 1748051 2040690 1574176 1903149 4015021 4495933 32442 39046 36582 35928 1124000 1124000 1231478 1025611 2424502 2224585 X -1568736 -1500876 1626731 2099960 1532524 1672264 1590519 2271348 4015021 4495933 X -174338 855167 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1974739 92413 485339 68733 2483758 1800476 47984 150816 24537 1974739 1859503 64942 -325852 12983 1585610 0.08830 0.67270 0.23910 1 0 39107 33519 5588 325777 309315 16462 22050 ASSETS HELD IN TRUST 1903149 1903149 ACCRUED PENSION LIABILITY 1015921 CHARITABLE GIFT ANNUITY 9690 1025611 1922216 2096554 -174338 342320 -17 512864 855167 680829 2644661 342320 76000 331319 749639 1895022 27194 27194 1922216 2145360 76000 4932 80932 2064428 32126 32126 2096554 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS OF THE ORGANIZATION SHALL BE USED TO ADVANCE THE PURPOSE AND GOALS OF THE COLLEGE, INCLUDING, BUT NOT LIMITED TO, THE BROADENING AND EXPANSION OF THE EDUCATION AND TRAINING OF TEACHERS AND POTENTIAL FUTURE TEACHERS AND PERFECTING THEIR SKILLS AS EDUCATORS, AND/OR ENRICHING THE LIVES OF THE INTERESTED PERSONS THROUGH ENHANCED KNOWLEDGE OF JEWISH HISTORY, TRADITION AND CULTURE THROUGH CLASSES AND PUBLIC LECTURES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN ASSETS HELD IN TRUST 307,066. CHANGE IN UNFUNDED PENSION LIABILITY 205,798. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ASSETS HELD IN TRUST 307,049. LOSS ON EQUIPMENT DISPOSAL 24,270. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 32,126. UNRELATED BUSINESS INCOME EXPENSES -4,932. PART XIII, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS INCOME EXPENSES 4,932. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 32,126. THE COLLEGE IS ORGANIZED AS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME TAXES ON UNRELATED BUSINESS INCOME, IF ANY, ARE PROVIDED AT THE APPLICABLE RATES ON INCOME FOR FINANCIAL REPORTING PURPOSES. THE COLLEGES INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE COLLEGES OPEN AUDIT PERIODS ARE FISCAL 2008 THROUGH 2011. IN EVALUATING THE COLLEGES ACTIVITIES, MANAGEMENT BELIEVES ITS POSITION OF TAX-EXEMPT STATUS IS APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES AND THERE HAVE BEEN NO UNCERTAIN POSITIONS TAKEN RELATED TO RECORDING INCOME TAXES. MANAGEMENT HAS ASSESSED THAT THERE ARE NO ACTIVITIES UNRELATED TO THE PURPOSE OF THE COLLEGE AND THEREFORE NO TAX IS TO BE RECOGNIZED. IT IS THE POLICY OF THE COLLEGE TO INCLUDE IN ADMINISTRATIVE EXPENSES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES. THERE ARE NO PENALTIES OR INTEREST FROM TAXING AUTHORITIES INCLUDED IN ADMINISTRATIVE EXPENSES FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATION POLICY IS PUBLISHED IN ANNUAL CATALOGUES AND SEMESTER BROCHURES 1 SCHOLARSHIPS 50 32126 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOLARSHIP FUNDS AWARDED TO THE STUDENTS ARE NOT PHYSICALLY TURNED OVER TO THE RECIPIENTS. THE SCHOLARSHIPS SIMPLY REDUCE THE STUDENTS' TUITION. FORM 990, PART VI, SECTION A, LINE 2 LAURA SIEGAL AND ALVIN SIEGAL - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE INDEPENDENT AUDITORS AS WELL AS A GROUP CONSISTING OF THE BOARD TREASURER, BUDGET AND FINANCE COMMITTEE, AND THE CONTROLLER. A COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEE'S BYLAWS INCLUDE A CONFLICT OF INTEREST POLICY WHICH REQUIRES TRUSTEES TO DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICAL TIME. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT CONDUCTS A SURVEY OF SIMILAR COLLEGES IN THE USA. THE FINDINGS ARE SHARED WITH THE CHAIRPERSON OF THE GOVERNINGS BOARD. THE EXECUTIVE COMMITTEE OF THE GOVERNING BOARD DELIBERATES AND DECIDES COMPENSATION RATES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 342,320. PRIOR PERIOD ADJUSTMENTS: -17. CHANGE IN ASSETS HELD IN TRUST 307,066. CHANGE IN UNFUNDED PENSION LIABILITY 205,798. TOTAL TO FORM 990, PART XI, LINE 5: 855,167. 990 PART XII, LINE 2C NO CHANGE FORM THE PRIOR YEAR.